No. 600843 state-owned equity “mixed ownership reform” project managed by AllBright completed with SASAC's approval
BY ALB |
The agreement-based transfer of 6 million A shares in Shang Gong Group Co., Ltd. (hereinafter referred to as "Shang Gong") proposed by its controlling shareholder, managed by AllBright Law Offices, has been approved by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, and was granted with the Transfer Confirmation Certificate issued by China Securities Depository and Clearing Corporation Limited on Dec 29, 2016. It is the first market-oriented reform of state-owned listed companies in Shanghai conducted through the "mixed ownership reform" program.